v3.26.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Values of Hedge Instruments on the Unaudited Condensed Consolidated Balance Sheets
The fair value of hedge instruments recognized on the unaudited condensed consolidated balance sheets was as follows:
(in thousands)June 30,December 31,
Balance Sheet LocationHedge Instrument Type20262025
Prepaid and other current assetsForeign exchange forward$6,433 $2,950 
Accrued expenses and other current liabilitiesForeign exchange forward502 1,746 
Schedule of Effect of Hedge Instruments Losses on Accumulated Other Comprehensive Loss, Net of Tax
The hedge instrument gains (losses) recognized in accumulated other comprehensive loss, net of tax was as follows:
Three months endedSix months ended
June 30,June 30,
(in thousands)2026202520262025
Type of hedge
Foreign exchange forward$3,504 $(5,173)$6,183 $(7,333)
 Total$3,504 $(5,173)$6,183 $(7,333)
Schedule of Effect of Hedge Instrument in the Unaudited Condensed Consolidated Statement of Operations
The hedge instrument gains recognized on the unaudited condensed consolidated statements of operations were as follows:
Three months endedSix months ended
June 30,June 30,
(in thousands)2026202520262025
Location of gains (losses) in statements of operations
Foreign exchange forward:
Cost of goods sold$1,339 $2,704 $841 $3,115 
Selling, general and administrative (1)
309 (2,143)1,125 (3,103)
Total $1,648 $561 $1,966 $12 
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(1) Relates to net gains (losses) on foreign exchange forward contracts derived from previously designated cash flow hedges.